London riots
Choosing an insurer: Avoiding the money trap
The rush to the bottom over price by customers can only hurt the industry, but brokers are well placed to stop the rot by offering their clients advice on the difference that choosing the right insurer can make.
Brokers split on SME business cover after riots
A survey by NIG has claimed that business confidence has fallen significantly among SMEs in the wake of the recent riots.
Reportage: Do the right thing
Getting the level of payouts, customer service and the time taken to process a claim correctly is a tricky job, but the industry is starting to get the balance right, reports Edward Murray
Biba demands permanent 42 day notice period for riot claims
The British Insurance Brokers’ Association (Biba) has called on the government to change the Riot Damages Act notification period permanently from 14 to 42 days.
After the riots
Rioting in August took the country by surprise, but the insurance industry responded well, experts say
Demand for business insurance highlights riot fears
Insurance broker Simply Business says it witnessed a 100% increase in quote requests from independent retail and catering businesses last week following the riots that took place across the country.
Updated: mixed insurer riot claims notifications risk causing confusion
Insurers have failed to adopt a blanket policy on increasing their claims notification period following the government’s decision to extend the notification deadline to 42 days under the Riot (Damages) Act.
Riot victims need claims deadline certainty, says Biba
The British Insurance Brokers' Association (Biba) has urged insurers to provide a clear message on the claims notification deadline for riot victims.
Zurich extends claim notification period to 30 days
Zurich has increased its notification period for property insurance policyholders from seven to 30 days, where a condition exists on policies for the reporting of riot claims.
PM agrees to extend claim period and says that Riot Act stands
Prime Minister David Cameron has announced that the Riot Act police compensation schemes will operate as normal and has extended to the maximum of 42 days the amount of time claims can be made under the scheme.
Riots may force retailers to take insurance in-house
The riots that have plagued the UK since Saturday may force retailers that have suffered major losses to form their own in-house insurance companies.
Brit warns brokers to stick to current claims notification deadlines
Brit Insurance has issued a reminder to its brokers of the need for policyholders to comply with policy requirements in relation to the notification of claims.
Cost of riots unlikely to affect market rates
Fitch Ratings has predicted that the losses from the recent rioting across the UK will have no impact on UK insurers' ratings.
Riot claim period could be extended to 42 days
The Association of British Insurers (ABI) has moved to reassure homeowners and businesses that claims for riot damage will be paid out and has urged the Home Secretary to extend the claims period to the police compensation scheme to 42 days.
Loss adjuster pushes surge status to red as it copes with riot fallout
GAB Robins has announced that its surge status has moved to red after receiving a "considerable" number of claims following the London riots.
The jury's out on how much riots will hurt the insurance industry
With the estimated riot costs now standing at £750m, insurance experts are in conflict over how much the violent events which have dogged London, Liverpool, Birmingham and Bristol will damage the insurance industry.
Riots covered but claim extension unlikely, says Questgates
QuestGates has said that the local police authority has a legal responsibility to reimburse persons who sustain damage to property as the result of a riot under the Riot Damages Act 1886.
Concern as to whether industry will foot the bill for riots
Concern has been raised by brokers as to whether the events over the last few days in London, Liverpool, Birmingham and Bristol will be officially classed as riots under the Riot (Damages) Act 1886.